MNTN, an advertising platform for internet-connected TVs featuring Ryan Reynolds as chief creative officer, achieved a valuation of $1.62 billion after a strong 31.25% increase in share price during its NYSE debut. The stock opened at $21, exceeding its IPO price of $16. The firm, along with stockholders, sold 11.70 million shares, raising $187.2 million. This IPO reflects a broader trend of successful public offerings amidst a recovering market, following the recent successful debut of eToro, a trading platform.
MNTN secured a valuation of $1.62 billion after its shares gained 31.25% in its New York Stock Exchange debut on Thursday, signaling continued momentum in the recovering IPO market.
MNTN's IPO comes on the heels of Israeli trading platform eToro's bumper Nasdaq debut last week, marking the first U.S. IPO to proceed after tariffs scuttled several planned launches last month.
Collection
[
|
...
]